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BCOM-COMMERCE in Accounts And Audit at Mar Ivanios College (Autonomous)
Thiruvananthapuram, Kerala
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About the Specialization
What is Accounts and Audit at Mar Ivanios College (Autonomous) Thiruvananthapuram?
This BCom Accounts and Audit program at Mar Ivanios College, Thiruvananthapuram, focuses on developing expertise in financial accounting, auditing practices, and taxation within the Indian context. It delves into corporate finance, cost management, and regulatory compliance, preparing students for the dynamic financial landscape of India. The program emphasizes practical skills for effective financial reporting and assurance services.
Who Should Apply?
This program is ideal for higher secondary graduates aspiring to build a career in finance, accounting, or auditing. It also suits individuals seeking professional accounting certifications like CA, CMA, or ACCA in India. Career changers looking to transition into financial roles and working professionals aiming to formalize their accounting knowledge will also find this curriculum beneficial. Strong analytical skills and an aptitude for numbers are prerequisites.
Why Choose This Course?
Graduates of this program can expect to pursue India-specific career paths such as accountants, auditors, tax consultants, financial analysts, or cost accountants. Entry-level salaries typically range from INR 2.5 to 4.5 lakhs annually, growing significantly with experience. The program provides a solid foundation for advanced studies, professional certifications, and offers growth trajectories in both private and public sector companies across India.
Student Success Practices
Foundation Stage
Build a Strong Conceptual Base in Commerce Fundamentals- (Semester 1-2)
Focus on mastering core concepts in business studies, statistics, and regulatory frameworks. Regularly review class notes, form study groups, and solve end-of-chapter problems to solidify understanding.
Tools & Resources
Textbooks, MGU previous year question papers, Online tutorials from platforms like EduRev, Dedicated study groups
Career Connection
A robust foundation is crucial for excelling in advanced accounting and finance subjects, paving the way for future professional certifications.
Develop Academic Writing and Presentation Skills- (Semester 1-2)
Actively engage in English and additional language courses to hone communication abilities. Practice essay writing, report structuring, and public speaking through college debates or presentations to enhance soft skills.
Tools & Resources
Grammarly, Microsoft Office (Word, PowerPoint), College''''s language lab, Toastmasters club (if available) or similar student societies
Career Connection
Effective communication is vital for presenting financial reports, interacting with clients, and succeeding in corporate environments.
Engage in Early Skill Building with Basic Software- (Semester 1-2)
Start learning basic spreadsheet applications like Microsoft Excel for data organization and simple calculations, even if not explicitly taught in early semesters. This proactive approach builds a critical skill for accounting professionals.
Tools & Resources
Microsoft Excel tutorials (YouTube, LinkedIn Learning), Practice datasets, Basic accounting software demos
Career Connection
Proficiency in office productivity tools is an essential skill for entry-level accounting and administrative roles in any Indian business.
Intermediate Stage
Master Corporate Accounting and Financial Management Principles- (Semester 3-5)
Dedicate significant effort to understanding corporate accounting standards, financial statement analysis, and core financial management concepts. Solve numerous case studies and practical problems to apply theoretical knowledge effectively.
Tools & Resources
ICAI study material (for conceptual clarity), Tally (for practical accounting entries), Financial news sources like Economic Times, Business Standard
Career Connection
Strong command over these subjects is directly applicable to roles in corporate finance, financial planning, and advanced accounting.
Seek Industry Exposure through Mini-Projects or Internships- (Semester 4-5 summer break)
Look for opportunities to undertake short-term internships or mini-projects with local businesses, audit firms, or NGOs. This provides invaluable real-world experience in areas like bookkeeping, financial data entry, or basic audit support.
Tools & Resources
College placement cell, LinkedIn, Local business directories, Networking with alumni and faculty
Career Connection
Practical exposure differentiates candidates, enhances resumes, and often leads to networking opportunities for future placements.
Participate in Commerce Fests and Business Quizzes- (Throughout Semesters 3-5)
Actively participate in inter-collegiate commerce fests, business quizzes, and case study competitions. This helps in applying theoretical knowledge, improving quick thinking, and staying updated on current business affairs.
Tools & Resources
College notice boards, Inter-collegiate event calendars, General knowledge resources for business and economics
Career Connection
Builds confidence, enhances problem-solving abilities, and allows for peer networking which can be beneficial during campus placements.
Advanced Stage
Intensive Preparation for Professional Accounting Exams and Placements- (Semester 6)
Systematically prepare for professional certifications like CA Foundation/Intermediate, CMA, or ACCA alongside final year studies. Simultaneously, focus on placement preparation including resume building, mock interviews, and group discussions.
Tools & Resources
Coaching institutes (if opted), Online test series, MGU previous year question papers, College placement mock drives, LinkedIn for company research
Career Connection
Directly leads to securing reputable job offers in accounting, audit, or taxation firms, or a strong foundation for higher professional qualifications.
Specialized Skill Development in Taxation (GST & Income Tax)- (Semester 6)
Deep dive into the practical aspects of Goods and Services Tax (GST) and Income Tax laws. Take up short-term courses or workshops on tax filing software and prepare actual tax computation scenarios to gain hands-on experience.
Tools & Resources
Official GST portal, Income Tax India website, Tally ERP 9/Prime, Professional tax practitioners for insights
Career Connection
Essential for roles as tax consultants, compliance officers, or in accounting departments dealing with direct and indirect taxation.
Undertake a Comprehensive Research Project with Industry Relevance- (Semester 6)
For the mandatory project work, choose a topic with practical relevance to current accounting or auditing challenges in India. Focus on robust research methodology, data analysis, and clear report presentation.
Tools & Resources
Academic databases, Industry reports, Statistical software (e.g., Excel, R, Python basics), Mentorship from faculty
Career Connection
Showcases research capabilities and analytical skills to potential employers, and provides a talking point during interviews, demonstrating domain expertise.
Program Structure and Curriculum
Eligibility:
- Pass in Plus Two or equivalent examination or any other examination recognised as equivalent thereto by the Mahatma Gandhi University.
Duration: 6 semesters / 3 years
Credits: 120 Credits
Assessment: Internal: 20%, External: 80%
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN1CC01 | Literature and Contemporary Issues | Common Course I English | 4 | Prose selections, Contemporary social issues, Literary analysis, Critical thinking, Cultural perspectives |
| EN1CC02 | Academic Writing and Presentation Skills | Common Course II English | 4 | Academic writing process, Essay writing, Report writing, Presentation techniques, Public speaking |
| ML1CC03 | Malayalam/Hindi/Arabic/Sanskrit/French/German/Syriac/Latin/Greek/Russian (Common Course I Additional Language) | Common Course I Additional Language | 4 | Basic grammar, Communication skills, Literary appreciation, Cultural context, Translation |
| CO1CR01 | Perspectives and Methodology of Business Studies | Core | 4 | Nature of business, Business environment, Business objectives, Social responsibility, Business ethics |
| CO1CM01 | Business Regulatory Framework | Complementary | 4 | Indian Contract Act, Sale of Goods Act, Consumer Protection Act, Company Law basics, Negotiable Instruments Act |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN2CC04 | Readings in Fiction and Non-fiction | Common Course III English | 4 | Short stories, Essays, Critical reading, Literary devices, Themes in literature |
| EN2CC05 | Language and Linguistics | Common Course IV English | 4 | Nature of language, Phonetics, Morphology, Syntax, Semantics |
| ML2CC06 | Malayalam/Hindi/Arabic/Sanskrit/French/German/Syriac/Latin/Greek/Russian (Common Course II Additional Language) | Common Course II Additional Language | 4 | Advanced grammar, Translation, Creative writing, Literary history, Language structure |
| CO2CR02 | Business Statistics | Core | 4 | Data collection and presentation, Measures of central tendency, Measures of dispersion, Correlation, Regression analysis |
| CO2CM02 | Principles of Business Decisions | Complementary | 4 | Introduction to economics, Demand and supply, Production analysis, Market structures, Pricing policies |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN3CC07 | Literature and the Environment | Common Course V English | 4 | Environmental literature, Eco-criticism, Nature writing, Sustainability themes, Human-nature relationship |
| CO3CR03 | Corporate Accounting | Core | 4 | Accounting for shares, Debentures, Redemption of debentures, Final accounts of companies, Cash flow statements |
| CO3CR04 | Marketing Management | Core | 4 | Marketing concepts, Market segmentation, Product life cycle, Pricing strategies, Promotion mix |
| CO3CM03 | Informatics and Cyber Laws | Complementary | 4 | Fundamentals of computers, Internet and e-commerce, Cyber ethics, IT Act 2000, Data security |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| EN4CC08 | Culture and Civilization | Common Course VI English | 4 | Cultural studies, Indian culture, Western civilization, Global cultural trends, Intercultural communication |
| CO4CR05 | Advanced Corporate Accounting | Core | 4 | Amalgamation, Absorption, Internal reconstruction, Consolidated balance sheet, Valuation of shares |
| CO4CR06 | Financial Management | Core | 4 | Capital budgeting, Working capital management, Cost of capital, Capital structure, Dividend policy |
| CO4CM04 | Principles of Management | Complementary | 4 | Nature and importance of management, Planning, Organizing, Staffing, Directing, Controlling |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO5CR07 | Cost Accounting | Core (Accounts & Auditing) | 4 | Elements of cost, Cost sheet, Material costing, Labour costing, Overhead costing |
| CO5CR08 | Accounting for Business Decisions | Core (Accounts & Auditing) | 4 | Marginal costing, Standard costing, Budgetary control, Ratio analysis, Fund flow statements |
| CO5CR09 | Auditing | Core (Accounts & Auditing) | 4 | Principles of auditing, Types of audit, Internal control, Vouching, Verification of assets and liabilities |
| CO5CR10 | Indian Financial System | Core (Accounts & Auditing) | 4 | Structure of Indian financial system, Financial markets, Financial institutions, SEBI, RBI |
| CO5OO01 | E-Commerce | Open Course (Example from Commerce Dept.) | 3 | E-commerce models, Online marketing, Payment systems, E-security, Legal aspects of e-commerce |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| CO6CR11 | Advanced Auditing | Core (Accounts & Auditing) | 4 | Audit of companies, Special audits, Audit reports, Professional ethics of auditor, Investigation |
| CO6CR12 | Income Tax Law and Practice | Core (Accounts & Auditing) | 4 | Basic concepts of income tax, Heads of income, Computation of total income, Assessment of individuals, TDS |
| CO6CR13 | Goods and Services Tax (GST) | Core (Accounts & Auditing) | 4 | Introduction to GST, Levy and collection of GST, Input tax credit, Registration under GST, Returns and payments |
| CO6CR14 | Project and Viva Voce | Core (Accounts & Auditing) | 4 | Research methodology, Data collection, Data analysis, Report writing, Presentation skills |
| CO6EC02 | International Financial Reporting Standards (IFRS) | Elective (Accounts & Auditing) | 4 | Introduction to IFRS, IASB framework, Presentation of financial statements, Specific IFRS standards, Convergence with Indian AS |
